1. Ermy corporation has ending inventory of 682,173 and cost of goods sold for the year jsut ended was $6,487,318. What is the inventory turn over? THe days' sales in inventory? How long on average dud a unit of inventory sit on the shelf before it was sold?
3. Crabtree inc had additions to retained earnings for the year just ended of $625,000. The firm paid out $130,000 in cash dividends, and it has ending total equity of $7.2 million. If the company currently has 570,000 shares of common stock outstanding, what are earnings per share? If the stock currently sells for $29 per share, what is the market-to-book ratio? The price earnings ratio? If total sales were $10.5 million, what is the price-sales ratio?© BrainMass Inc. brainmass.com March 22, 2019, 1:41 am ad1c9bdddf
inventory turnover for the company was:
inventory turnover = $6,487,318 / inventory
= $6,487,318 / $ 682,173 = 9.51 times
days sales in inventory = 365 days / inventory turnovers = 365 / 9.51 = 38.38 days (average)
total debt ratio = total debt / total assets
0.45 = total debt / (total debt + total ...
Introductory finance ratios are ending inventory is discussed. Price earnings ratios are provided.